Back then, spreads widened to 2, 000, and buying junk bonds was a no-brainer.
Italian and Spanish bond yields jumped by 12 basis points as spreads widened and the dull toothache of the sovereign debt crisis wore on.
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Yield spreads have widened again to over 500 basis points, comparable with junk bonds.
Though Bermudez admits that credit spreads have widened a bit, he maintains that the small-business lending market has been relatively stable.
Bond traders are showing signs of increased risk aversion as yield spreads have widened and debt is harder to finance for some companies.
This year, although spreads have widened from the historic lows seen in May, they have settled at a modest two percentage points or so.
U.S. credit spreads barely widened, a sign of market stability.
Credit default swap spreads have widened out to record levels this week, while Italian and Spanish bond yields have risen, as worries are keener that the EU debt problems could morph into a debt contagion in Europe or beyond.
And where the best corporate bonds once yielded less than a percentage point above Treasuries, new-issue spreads have now widened to almost three percentage points.
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Ten-year bond yields in the country climbed to 5.99% and 6.58%, respectively, as spreads over corresponding German bunds widened further.
Nevertheless, investment in storage has risen as spreads between summer and winter prices have widened.
For another, the gap between spreads on CLO liabilities and collateral has widened.
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In contrast, while the spreads on non-financial corporate debt have widened, they are only back to the levels reached a year or two ago.
Spreads between Treasuries and Fannies and Freddies immediately widened.
Spreads on Greek government bonds over German Bunds have widened to more than 2.5 percentage points.
The bank said trading conditions have substantially deteriorated in the third quarter versus the second, and spreads on mortgage-backed securities and loans have widened sharply.
Yield spreads between Greek and German ten-year government bonds (the European benchmark) widened to 252 basis points on Wednesday, while the Athens Composite Shares index fell by 2.4% in afternoon trading, with Greek banks some of the biggest decliners.
The spreads, or gap of U.K. government debt over similar German debt has widened less than the spread of French debt over German paper.
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